Filing Flows › Lands'' End (LE) › Q3 FY26
Lands'' End (LE) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 9, 2025
Lands'' End (LE) reported revenue of $277M for the third quarter fiscal 2026 (Q3 FY26), +1% from a year earlier and +9% from the quarter before. Operating margin was 6.0%, net earnings $5.2M (1.9% of revenue).
Lands'' End, Q3 FY26: revenue $277M (+1% year over year), operating margin 6.0%, net earnings $5.2M, operating cash flow −$15.7M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $277M | +9% | +1% |
| Gross profit | $164M | +15% | +2% |
| Operating profit | $16.8M | +321% | +81% |
| Net earnings | $5.2M | — | — |
| Operating cash flow | −$15.7M | -168% | — |
What changed
Revenue was $277.5M in Q3 FY26, up 1% year over year and up 9% from the previous quarter. U Se Commerce was the largest line at 65% of revenue. Business Outfitters Revenue added $5.4M year over year (up 7%), 137% of the total change. Europe E Commerce declined 21%.
Gross margin was 59.3%, up 0.4 points from a year earlier. Operating profit was $16.8M, a 6.0% margin (up 2.6 points year over year). Of the extra revenue versus a year earlier, 189% reached operating profit, above the 3% margin then. Operating expenses fell 3% while revenue rose 1%. Net earnings were $5.2M. The effective tax rate was 30.2%.
Operating cash flow was −$15.7M. Non-cash charges added back $7.4M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items used $29.8M. Capital expenditures of $6.8M exceeded it, leaving free cash flow of −$22.4M.
Questions
What was Lands'' End's revenue in the third quarter fiscal 2026?
Lands'' End (LE) reported revenue of $277M for the third quarter fiscal 2026 (Q3 FY26), +1% from a year earlier and +9% from the quarter before.
Was Lands'' End profitable in the third quarter fiscal 2026?
Operating profit was $16.8M (6.0% of revenue) and net earnings $5.2M.
Source: Lands'' End 10-Q on SEC EDGAR.